- USD/CAD has shown a minor selling after hitting 3-1/2 month high on Oct 31st 2017. The major decline in Loonie was due to higher oil price. Oil prices hits two –year high on extension of OPEC supply cuts. The pair hits low of 1.27155 and is currently trading around 1.27677.
- WTI crude oil soars as U.S oil rigs see biggest decline of the year. Baker Hughes has reported that number of rigs has fallen for the week almost 11 rigs highest in this year.
- Technically on the higher side near term resistance is around 1.2800 and any break above will take the pair to next level till 1.2850/1.2900. Bullish continuation can be seen only above 1.2925.
- The major support is around 1.2710 (23.6% retracement of 1.20613 and 1.29148) and any break below will drag the pair to next level till 1.2638 (20- day MA)/1.2600.Minor weakness can be seen only below 1.2600.
It is good to sell on rallies around 1.2765-1.2770 with SL around 1.2825 for the TP of 1.2605.


FxWirePro: USD/JPY holding bid into weekend
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



